Shares of PB Fintech swung 12% from the day’s high to trade 5% lower at Rs 1,115 on the BSE on Friday, a day after the stock plunged 36% in a single session, breaching multiple lower circuits. Nearly 16 lakh shares worth Rs 188 crore changed hands on the BSE during Friday’s session.
The massive bloodbath in the stock came after the Insurance Regulatory and Development Authority of India (IRDAI) proposed a ban on ‘dark patterns’ on insurance websites, including practices that require customers to share personal details before accessing product features and pricing information.
